Megaport Limited

MP1

AU000000MP15

IT Services & Consulting

Market Closed - Australian S.E. Other stock markets 02:10:45 2024-04-26 am EDT			5-day change	1st Jan Change
14.29 ^AUD	0.00%		+5.15%	+55.33%

Apr. 09	China's Cosco Shipping sees quick resolution to Peru port question	RE
Apr. 09	Megaport Joins DataVerge's Growing Interconnection Community, Providing Network as a Service and Direct Access to Leading Cloud Services to Brooklyn, New York Businesses	CI

Megaport Limited Provides Earnings Guidance for the Fiscal Year 2024

August 21, 2023 at 07:04 pm EDT

Megaport Limited provided earnings guidance for the fiscal year 2024. For the year 2024, revenue is expected to be in the range of $190 million to $195 million, an increase of 24% to 27%
on FY23 Revenue of $153.1M.

Latest news about Megaport Limited

China's Cosco Shipping sees quick resolution to Peru port question	Apr. 09	RE
Megaport Joins DataVerge's Growing Interconnection Community, Providing Network as a Service and Direct Access to Leading Cloud Services to Brooklyn, New York Businesses	Apr. 09	CI
Gold, IT stocks buoy Aussie shares; traders assess US jobs data	Apr. 08	RE
Megaport Limited Launches AWS Direct Connect Network Service Offering on AWS Marketplace	Apr. 02	CI
Megaport Shares Slip 4%; Returns to Profit in H1 FY24 as Revenue Rises, Restates FY24 Guidance	Feb. 19	MT
Transcript : Megaport Limited, H1 2024 Earnings Call, Feb 20, 2024	Feb. 19
Megaport Returns to Profit in H1 FY24 as Revenue Rises	Feb. 19	MT
Megaport Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Feb. 19	CI
Australian shares hit over 3-week high; retail sales data in focus	Jan. 29	RE
Transcript : Megaport Limited, Q2 2024 Earnings Call, Jan 30, 2024	Jan. 29
Transcript : Megaport Limited - Shareholder/Analyst Call	Oct. 31
Transcript : Megaport Limited, Q1 2024 Earnings Call, Oct 26, 2023	23-10-25
Australian shares inch lower as banks, tech stocks drag	23-10-15	RE
SIX Taps IT Company Megaport for Connectivity Offering Expansion	23-10-12	MT
Megaport Makes CFO Appointment Permanent	23-10-02	MT
Megaport Limited Appoints Leticia Dorman to the Role of Chief Financial Officer	23-10-01	CI
Gold, miners drag Australian shares lower ahead of key inflation print	23-09-26	RE
Miner and gold stocks drag Australian shares lower	23-09-25	RE
Australian shares end higher on tech rally; inflation data in focus	23-09-25	RE
Megaport Narrows Net Loss in Fiscal Year 2023; Shares Rally 17%	23-08-22	MT
Transcript : Megaport Limited, 2023 Earnings Call, Aug 22, 2023	23-08-21
Megaport Limited Provides Earnings Guidance for the Fiscal Year 2024	23-08-21	CI
Megaport Limited Reports Earnings Results for the Full Year Ended June 30, 2023	23-08-21	CI
Megaport Upgrades Fiscal 2023 Earnings Guidance	23-07-12	MT
Miners, energy stocks push Australian shares higher ahead of US inflation data	23-07-11	RE

Chart Megaport Limited

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Company Profile

Megaport Limited is a provider of elastic interconnection services. Through software defined networking (SDN), the Companyâs global platform enables customers to connect their network to other services across the Megaport Network. Its services can be directly controlled by customers via mobile devices, their computers, or its open application programming interface (API). Its segments include Asia Pacific, North America, and Europe. Its products include Port, Virtual Cross Connects (VXC), Megaport Cloud Router (MCR), Megaport Virtual Edge (MVE), Megaport Marketplace and MegaIX. VXCs are Layer 2 Ethernet circuits providing private, flexible, and on-demand connections between any of the locations on the Megaport network with 1 Mbps to 10 Gbps of capacity. MCR is a managed virtual router service. MVE is an on-demand, vendor-neutral network function virtualization (NFV) service. Megaport Marketplace is an online hub where global service providers and enterprise customerâs interconnect.

Sector

IT Services & Consulting

Calendar

2024-04-28 - March 2024 Sales and Revenue Release - Activities Report

Related indices

S&P/ASX 200

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Ratings for Megaport Limited

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

14.29 AUD

Average target price

15.19 AUD

Spread / Average Target

+6.31%

Consensus

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Quarterly earnings - Rate of surprise

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